ATLANTA, Oct. 3, 2017 /PRNewswire/ -- Novelis Inc., the world leader in aluminum rolling and recycling, published its fiscal year 2017 Sustainability Report today, detailing continued progress against the company's ongoing sustainability commitments and goals. In fiscal year 2017, Novelis achieved key sustainability milestones two years ahead of target, including increasing the use of high-recycled metal content inputs to 55 percent, and reducing its water usage to the fiscal year 2020 target of 2.7 cubic meter/metric tons. These sustainable gains were achieved during a record year of financial performance and are a result of increased operational efficiencies and technical innovation throughout the company's 24 facilities around the world.
Safety remains a top priority for the company, with fiscal year 2017 representing another record low in recordable safety incidents as 11 of the company's 24 facilities saw no recordable injuries. Process improvements and new safety measures continue to be evaluated to enable Novelis to reach its goal of zero injuries. The company also continued to curb its greenhouse gas emissions (GHG) over the last fiscal year, reducing emissions by more than 21 percent from the baseline of 21 million metric tons of CO2. The waste to landfill and energy intensity rates both increased over the last year and are key areas of focus for fiscal year 2018.
"From operations within our company to how we partner with our stakeholders, safety and sustainability continue to be core to our business," said Steve Fisher, President and Chief Executive Officer, Novelis. "We have made great gains in this fiscal year and are ahead of target in some areas. Additionally, we remain resolute in our commitment to leverage our technical expertise and innovative capabilities to solve challenges at our facilities and promote sustainability throughout the manufacturing industry."
Given the infinitely-recyclable properties of aluminum, recycling aluminum produces 95 percent fewer GHG emissions and requires 95 percent less energy than primary aluminum production. These properties enable Novelis to achieve lower GHG emissions and drive sustainable value across its business segments of beverage can, automotive and high-end specialties. For example, in the beverage can industry, Novelis recycles approximately 65 billion used beverage cans a year, returning them to store shelves in approximately 60 days. In the automotive space, Novelis helps customers achieve their sustainability goals through scrap metal collection and recycling. In partnership with Ford Motor Company, 90 percent of its scrap was collected and recycled ? enough to produce an additional 30,000 F-150 truck bodies per month.
Other important achievements from fiscal 2017 include:
For more information and to download the FY 2017 Novelis Sustainability Report visit: www.novelis.com/sustainability.
Novelis Inc. is the global leader in aluminum rolled products and the world's largest recycler of aluminum. The company operates in 10 countries, has approximately 11,000 employees and had $10 billion in revenue for its 2017 fiscal year. Novelis supplies premium aluminum sheet and foil products to transportation, packaging, construction, industrial and consumer electronics markets throughout North America, Europe, Asia and South America. Novelis is a subsidiary of Hindalco Industries Limited, an industry leader in aluminum and copper, and metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai, India. For more information, visit novelis.com and follow us on Facebook at facebook.com/NovelisInc and Twitter at twitter.com/Novelis.
SOURCE Novelis Inc.
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